The new report recognizes the following companies as the key players in the Global Man Portable Communication System Market: Aselsan Elektronik Sanayi ve Ticaret A.S., Harris Corp., Rockwell Collins Inc., Saab AB and ViaSat Inc.
Other Prominent Vendors in the market are: BAE Systems, Codan, General Dynamics, L-3 Communications Holdings, THALES and Ultra Electronics.
Commenting on the report, an analyst from The report's team said: “An increased investment in R&D is one key trend in this market. To improve the existing technology, vendors are developing systems that could help augment the endurance and efficiency of existing man portable communication systems in unfavorable conditions.”
According to the report, an increase in defense budgets is one of the major drivers of the Global Man Portable Communication System market. The market strongly relies on overall global military spending, which is expected to increase during the forecast period of 2014-2018.
Further, the report states that one of the main challenges that the market faces is the rapid technological changes taking place in the market. Upgrading man portable communication systems to keep up with advances in technology is a continuous process. Incorporating such technological changes in military communication systems involves massive expenditure, which ultimately increases the cost of military communication systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Source: ASDReports - Market Research
Date: Apr 9, 2015